U.S. producer prices rose 1.3% in September from a month earlier, marking the biggest increase since March 2022 and reviving inflation concerns. At the same time, U.S. Treasuries climbed against the broader move on safe-haven buying, with the 10-year Treasury yield pulling back to above 5.08%. Gold also attempted to reverse the decline that has been in place since August. The move highlighted a cross-market reaction centered on inflation data, bond demand, and renewed interest in defensive assets. ChainCatcher reported the figures and the related market moves in a brief update.
U.S. producer prices rose 1.3% in September from a month earlier, the biggest monthly increase since March 2022, according to a ChainCatcher update. The reading reignited inflation concerns.
Safe-haven buying pushed U.S. Treasuries higher against the broader move, with the 10-year Treasury yield falling back to above 5.08%. Gold was also trying to reverse its decline since August.
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